Adidas will focus on paying down debt this year, Chief Financial Officer Robin Stalker said on Wednesday. The world's second-biggest sporting goods maker also said it planned no further share buybacks. Adidas shares rose 3.

Italian fashion designer label Gianfranco Ferre is continuing business and plans to open franchises despite being put into special administration along with its owner this week, CEO Michela Piva said on Friday.

Peter Davies, the former chief executive of Principles, has submitted a bid for the British women's fashion brand, he said on Friday. Principles' owner, Mosaic Fashions, said earlier this month it had received expressions of interest in the brand.

Standard & Poor's on Wednesday cut its ratings on BCBG Max Azria Group to a deeply speculative grade and cited concerns that the fashion retail chain may trip its debt covenants and struggle to make a $20 million loan payment due in March.

Recession-hit brides looking for that something borrowed to complete their outfit can rent gold tiaras from a major Japanese jeweler which unveiled pieces worth over a million dollars despite the faltering economy.

U.S. off-price retailer TJX Cos Inc (TJX.N) on Wednesday said its Chief Financial Officer Nirmal "Trip" Tripathy was resigning and its chief administrative officer, Jeffrey Naylor, would take over the job.

Gap Inc named former Levi Strauss & Co executive Mark Breitbard the chief merchandising and creative officer for Old Navy, its lower-cost family clothing chain that has struggled to find its footing amid declining traffic.